Publish: 01.08.2018

B.C.’s Money Laundering Claims Job of Vindicated Gaming Inspector

in 2008 CBC investigative journalists had been allowed to launder C$24,000 in an undercover operation
Money Laundering

British Columbia has had plenty of problems in the past with money laundering at its casinos. There have been plenty of stories regarding money laundering, and links to money launderers that have plagued the province since the early-00’s. Indeed, there have been a number of high-profile incidents in which organised crime has plagued the province, with money laundering playing a big role.

As revealed by former Mountie Peter German, one particular scheme was discovered after investigators found irregular cash buy-ins at one particular casino. Well, it seems that organised crime and money-laundering has reared its ugly head again on the province. This is an issue that has come to the fore recently due to the fact that one particular investigator was fired following a particular investigation.

There are currently 16 different casinos that operate in the British Columbia province, and they generate a combined revenue of around C$600 million. This means there is plenty of scope for laundering money assuming people know what they are doing. While US gamblers are now allowed to enjoy sports betting for the first time, the development and appeal of Canadian casinos seems to have given rise to money-laundering activity.

A recent story has revealed that an inspector for B.C.’s Gaming and Policy Enforcement was unexpectedly fired in 2014. There is speculation that this firing was triggered as a result of some of his investigations into irregular gambling in Vancouver casinos back in 2009. The money was being brought in by many casinos from Asia, and it was thought that this was criminal money from Chinese gangs trying to launder their cash.

This is not the first time authorities in Canada have suspected Chinese and Asian gangs of money-laundering. In fact, there was a recent story about a Hong Kong tycoon with links to Canadian B.C. casinos who was thought to be using the province to launder cash. It seems clear that there is a definitive link here, and something that raises questions about Asian investors becoming involved in Canadian gaming.

It’s not just foreign criminals using B.C. casinos for money-laundering though, and a recent report revealed that in 2008 CBC investigative journalists had been allowed to launder C$24,000 in an undercover operation. This has helped shed more light on the problems the province seems to be having with criminal activity in its casinos, and raises questions about how it can be tackled. This corroborates the inspector’s claims, and the investigation he personally carried out before being fired.

The investigation is thought to have raised questions about the relationships between casinos and regulators. This, of course, created an awkward atmosphere, and, after constant prodding and probing to try to get to the bottom of things, the inspector found himself unceremoniously sacked.

conference

However, it seems like the inspector has found himself vindicated after the fact, after conclusions were found to have revealed issues and led to several arrests and indictments. This isn’t going to change the fact that the inspector lost his job as a result of doing his job, but it has shone a spotlight on the problems of corruption and money-laundering that seem to continue to plague British Columbia.

 

 

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